Persimmon Plc (LON:PSN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Persimmon Plc (LON:PSN) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 2,606.

A number of analysts have commented on the stock. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,694 price objective on shares of Persimmon in a research note on Friday, May 1st. Citigroup reduced their price objective on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research note on Tuesday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,300 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,750 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th.

Persimmon Price Performance

Shares of LON:PSN opened at GBX 1,131.50 on Friday. Persimmon has a one year low of GBX 1,011.50 and a one year high of GBX 1,552. The stock has a fifty day moving average of GBX 1,083.19 and a 200-day moving average of GBX 1,242.68. The company has a market capitalization of £3.63 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.99.

Insider Activity

In other news, insider Dean K. Finch sold 60,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 1,119, for a total value of £671,400. 2.63% of the stock is owned by insiders.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.